The 7 Most Important Rules for Oil and Gas Cybersecurity Experts

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Devastating cyber threats are making headline news on an almost daily basis, causing companies across all sectors to reassess how secure their data and operations really are. This threat

is being especially felt by the oil, gas and petrochemical sector for a combination of reasons, including its

critical reliance upon industrial automation and control systems such as SCADA (supervisory control and data

acquisition) or DCS (Distributed Control System) which are used to monitor and control physical processes. In

addition to standard cybersecurity concerns such as information leaks, system downtime or hardware failure,

the oil and gas industry has to deal with the additional risk of actual physical damage, or even the loss of life

resulting from a devastating cyber-attack. This increased threat and risk demands immediate attention by

industry stakeholders at every level of the business.

Cyber-threats are on the rise:

Oil and Gas organisations

detected on average 179%

more security incidents in 2013

compared with 2012

Financial losses from

cyber-attacks are increasing:

Average financial losses soared

470% from 2012 to 2013

Cybersecurity budgets rapidly

growing to counter threats:

Information security budgets

averaged at USD 5 million in

2013, a substantial 32% increase

over 2012 levels

32%increasebudgets

470%incidents

197%securityincidents

201220122012

201320132013

Cyber-threats to the Oil and Gas Industry

Findings taken from PwC The Global State of Information Security® Survey 2014

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